Stoxx50 Reversed Off Resistance, Potential Further Drop!
Stoxx50 reversed off its resistance at 3281 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 3196 (horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure that contributes to our bearish bias.
Ichimoku cloud shows signs of bearish pressure that contributes to our bearish bias.
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